Five Realty Firms Submit EOI For Five Star Hotel

Five major realty companies including B L Kashyap and Sons are going to bid for developing a Rs 100-crore Five Star hotel in Bathinda, Punjab.

The other three companies which have shown interest in the project are Chalet Hotels Limited, Ashiana Homes and Spirit Global, informed an official of PIDB.

Punjab State Electricity Board (PSEB) through Punjab Infrastructure Development (PIDB) had intended to develop a five star hotel project in Bathinda under Public Private Partnership format on BOT (Build Operate Transfer) basis. IL&FS Infrastructure Development Corporation (IDC) is the project development advisor to Punjab government.

Proposed to be developed on 3.10 acres of land, the scope of the developer would include planning, designing, engineering, financing, construction, marketing, operation and management of hotel facility and recover the investment by earning revenues through various revenue streams.

The technical evaluations of the companies are expected to be complete in a week’s time. Thereafter they would be asked to submit their proposals in detail.

Post a Comment

You must be logged in to post a comment.